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Bank Deposits (Local Currency) in Nigeria

Source: Central Bank of Nigeria, Nigeria Deposit Insurance Corporation (Data for commercial banks only), IMF

Last Updated: July 24, 2023

Bank deposits reached NGN 32,381 bil in 2020 in Nigeria, according to the National Central Bank. This is 33.2% more than in the previous year.

Historically, bank deposits in Nigeria reached an all time high of NGN 32,381 bil in 2020 and an all time low of NGN 0.199 bil in 1961.

Nigeria has been ranked 11th within the group of 110 countries we follow in terms of bank deposits.

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